RewardsNOW, a Dover, NH-based financial technology business, has received a $7.5m investment from Edison Venture Fund.
The funds will be used to expand sales, marketing and development and provide liquidity for early shareholders.
In conjunction with the funding Michael Balmuth, General Partner, and Edison Director Network member, Rick Auletta, joined the company’s Board of Directors.
Founded in 1997, RewardsNOW provides loyalty programs to over 300 financial institutions. The company designs, implements and manages turnkey direct marketing for credit cards, debit cards, loans, deposits and online banking.